Renewable Energy Group Inc (REGI) Holdings Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 23.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,400 shares of the oil and gas company’s stock after purchasing an additional 4,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Renewable Energy Group were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in REGI. First Hawaiian Bank acquired a new stake in shares of Renewable Energy Group in the third quarter worth $335,000. United Services Automobile Association boosted its position in shares of Renewable Energy Group by 1,005.8% in the second quarter. United Services Automobile Association now owns 124,116 shares of the oil and gas company’s stock worth $2,215,000 after buying an additional 112,892 shares during the period. Northern Trust Corp boosted its position in shares of Renewable Energy Group by 0.9% in the second quarter. Northern Trust Corp now owns 808,314 shares of the oil and gas company’s stock worth $14,429,000 after buying an additional 7,513 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Renewable Energy Group by 104.0% in the second quarter. Bank of New York Mellon Corp now owns 452,633 shares of the oil and gas company’s stock worth $8,079,000 after buying an additional 230,703 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Renewable Energy Group by 73.1% in the second quarter. Public Employees Retirement System of Ohio now owns 38,117 shares of the oil and gas company’s stock worth $680,000 after buying an additional 16,103 shares during the period.

Several brokerages have recently commented on REGI. Roth Capital set a $25.00 target price on Renewable Energy Group and gave the stock a “buy” rating in a research report on Tuesday, August 7th. BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 19th. Canaccord Genuity raised their target price on Renewable Energy Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research cut Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Renewable Energy Group has a consensus rating of “Buy” and an average price target of $25.50.

In related news, VP Gary Haer sold 13,581 shares of Renewable Energy Group stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $20.65, for a total transaction of $280,447.65. Following the completion of the sale, the vice president now owns 77,329 shares of the company’s stock, valued at $1,596,843.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Eric Bowen sold 20,000 shares of Renewable Energy Group stock in a transaction on Monday, September 17th. The shares were sold at an average price of $27.45, for a total value of $549,000.00. Following the sale, the vice president now directly owns 84,241 shares of the company’s stock, valued at approximately $2,312,415.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,350 shares of company stock valued at $1,012,955. Insiders own 1.97% of the company’s stock.

REGI opened at $31.32 on Wednesday. The firm has a market cap of $1.10 billion, a P/E ratio of -15.35 and a beta of 1.21. Renewable Energy Group Inc has a 1 year low of $9.50 and a 1 year high of $31.62. The company has a quick ratio of 1.06, a current ratio of 1.48 and a debt-to-equity ratio of 0.04.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.32. The firm had revenue of $580.15 million during the quarter, compared to analysts’ expectations of $572.60 million. Renewable Energy Group had a return on equity of 32.12% and a net margin of 8.64%. As a group, analysts predict that Renewable Energy Group Inc will post 1.61 earnings per share for the current year.

About Renewable Energy Group

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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